Octopulet Mom May Lose Her Crib!
The house was purchased by Suleman's mother, Angela, with an adjustable rate mortgage on March 8, 2006, before housing prices took a nose dive. Angela Suleman owes $23,225 on a $453,750 note, and hasn't paid any of her monthly $1,512 installments since last April, records show.
"It's tough times we are in right now," Angela Suleman tells PEOPLE. When asked whether she has tried to negotiate with her lender, IndyMac Federal Bank of Pasadena, Calif., Suleman replied, "I haven't even had time right now, but I'm sure I could do something."
An IndyMac spokesman emphasized that the Feb. 5 default filing is only a first step toward foreclosure, and a sign that the bank has either not been able to reach the owner or hasn't been able to work anything out.